Eligible Cash on Hand means cash of a Borrower from time to time deposited in a DDA or investment or securities account in the name of a Loan Party maintained with Bank of America (excluding any amounts on deposit in the Cash Collateral Account or in any other escrow, special purpose or restricted account, such as an account specifically designated for payroll or sales taxes), which DDA is subject to a first priority perfected security interest in favor of the Collateral Agent.

Eligible Cash on Hand means “Eligible Cash on Hand” as defined under the ABL Credit Agreement without giving effect to any amendments or modifications of such definition or any component definitions (or any sub-component definitions) thereof which could create additional ABL Excess Availability; provided, that in order for any Cash or Cash Equivalents to constitute Eligible Cash on Hand, it must be subject to the duly perfected first-priority Lien (subject to the Intercreditor Agreement) in favor of Agent under applicable law, and no other Lien (other than Permitted Encumbrances).

Eligible Cash on Hand means cash or Cash Equivalents owned by Parent, which are (a) available for use by Parent, without condition or restriction, (b) free and clear of any pledge or other Lien (other than Liens permitted pursuant to clauses (h), (v), (x), (z) and (ee) of Section 7.01 of the Credit Agreement), (c) subject to the first priority perfected security interest of Agent (subject to Liens permitted pursuant to clauses (v), (x) and (z) of Section 7.01 of the Credit Agreement), (d) in a Qualified Account, (e) for which Agent shall have received evidence, in form and substance reasonably satisfactory to Agent, of the amount of such cash or Cash Equivalents held in such Qualified Account as of the applicable date of the calculation of Availability by Agent.

Examples of Eligible Cash on Hand in a sentence

Manufactured FHA Standard:MATRIX: Partnerships or Other Business Entities Building on Own Land Not Eligible Cash on Hand Not Eligible Co-Borrower or Co- Signer  Must be either a U.S. citizen or have a permanent residence in the U.S.May not be the seller, builder, real estate agent, etc.

More Definitions of Eligible Cash on Hand

Eligible Cash on Hand means cash or Cash Equivalents owned by the Loan Parties, which are (a) available for use by the Loan Parties, without condition or restriction, (b) free and clear of any pledge or other Lien (other than Liens permitted pursuant to clauses (h), (v), (x), and (z) of Section 7.01 of this Agreement), (c) subject to the first priority perfected security interest of Agent (subject to Liens permitted pursuant to clauses (v), (x) and (z) of Section 7.01 of this Agreement), (d) in a Qualified Account, and (e) for which Agent shall have received evidence, in form and substance reasonably satisfactory to Agent, of the amount of such cash or Cash Equivalents held in such Qualified Account as of the applicable date of the calculation.

Eligible Cash on Hand means cash of a Borrower from time to time deposited in the Eligible Cash Blocked Account.

Eligible Cash on Hand means cash of a Borrower from time to time deposited in a Blocked Account maintained with Bank of America (excluding any amounts on deposit in the Cash Collateral Account, the Concentration Account, the Exempt Accounts or in any other escrow, special purpose or restricted account, such as an account specifically designated for payroll or sales taxes) and subject to a Blocked Account Agreement in favor of the Collateral Agent

Eligible Cash on Hand means cash of a Borrower in the Eligible Cash Account.

Eligible Cash on Hand means cash or Cash Equivalents owned by a U.S. Loan Party, which are (a) available for use by a U.S. Loan Party, without condition or restriction (other than in favor of the Administrative Agent), (b) free and clear of any pledge or other Lien (other than in favor of the Administrative Agent and other than in favor of the securities intermediary where the investment account or deposit account referred to below is maintained for its customary fees and charges and any other liens permitted under this Agreement that are subject to an intercreditor agreement in form and substance satisfactory to the Administrative Agent between the holder of such security interest or lien and the

Eligible Cash on Hand means cash or Cash Equivalents owned by a Credit Party, which are (a) available for use by a Credit Party, without condition or restriction (other than in favor of Administrative Agent), (b) free and clear of any pledge or other Lien (other than in favor of Administrative Agent and other than in favor of the securities intermediary where the investment account or deposit account referred to below is maintained for its customary fees and charges), (c) subject to the first priority perfected security interest of Administrative Agent (subject to the liens of the securities intermediary where the investment account referred to below is maintained for its customary fees and charges), (d) in an investment account or deposit account at Bank of America or an Affiliate of Bank of America specifically and solely used for purposes of holding such cash or Cash Equivalents as Eligible Cash on Hand and which account is subject to a Control Agreement the (“Eligible Cash on Hand Account”), and (e) for which Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to Administrative Agent, of the amount of such cash or Cash Equivalents held in such investment account as of the applicable date of the calculation of the compliance with the financial covenants set forth in Section 5 of Schedule II by Administrative Agent and the satisfaction of the other conditions herein.